Fintech Acquisition Corp III Cl A (FTAC) Stock Technical Analysis
NASDAQ:FTAC -
11.37
+0.37 (+3.36%)
11.75
+0.38 (+3.34%)
We assign a technical rating of 6 out of 10 to FTAC. FTAC has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, FTAC outperforms 67% of them, which is more or less in line with the market.
FTAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FTAC is lagging the market.
In the last month FTAC has a been trading in the 10.03 - 12.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FTAC has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
9.69
11.60
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.15 to 10.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.79 to 9.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.49 to 11.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for FTAC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FTAC is up. |
| ChartMill Relative Strength | 67.8 | NEUTRAL | FTAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FTAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FTAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FTAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 84.33 | OVERBOUGHT | The high RSI value suggests FTAC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests FTAC has a positive trend. |
| Stochastics (14,3) | 41.12 | NEUTRAL | The Stochastics value for FTAC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for FTAC suggests some volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Fintech Acquisition Corp III Cl A
NASDAQ:FTAC (10/16/2020, 8:20:27 PM)
After market: 11.75 +0.38 (+3.34%)11.37
+0.37 (+3.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.36%
1 Week11.36%
2 Weeks10.71%
1 Month9.86%
3 Month1.34%
6 Month13.36%
12 Month13.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.48%
ATR Inc263.83%
Range Today0.73
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.8
Mansfield-0.18
10 Day High12.25
10 Day Low10.11
20 Day High12.25
20 Day Low10.03
52 Week High12.25
52 Week Low9.75
CS1 End10.51
CR1 Start11.49
Volume & EV
DER(3)-4.19%
DER(5)-3.08%
Volume973.60K
Volume Incr54.55%
Vol(5)2.16M
Vol(50)947.84K